No one would accuse the eurozone of competitive devaluation .

没有人会指责欧元区竞争性贬值。

Doom-mongers said devaluation was inevitable .

悲观者继而宣称货币贬值在所难免。

Most economists expect a big devaluation .

大多数经济学者预期出现大贬值。

They will be helped by devaluation .

墨西哥企业将得益于比索贬值。

Yet devaluation has scarcely been painless .

然而货币贬值几乎不可能避免痛苦。